by Kim Bokyung
Published 03 May.2024 18:52(KST)
Updated 03 May.2024 18:56(KST)
Kakao announced on the 3rd that it has acquired 100% of the shares of its real estate subsidiary Kakao Space and absorbed it through a merger.
Since it is a small-scale merger under the Commercial Act, no stock purchase rights will be granted. It was also stated that there will be no change in Kakao's shareholding ratio as it is a non-capital increase merger without issuing new merger shares.
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